Tether is registered in the British Virgin Isles and subject to BVI law which clearly defines solvency. There's actually two entities[1], one is for US clients(

Tether is registered in the British Virgin Isles and subject to BVI law which clearly defines solvency. There's actually two entities[1], one is for US clients(TLTD) and another for international clients (TIL), insolvency of either is a clear enough outcome for me. [1] https://tether.to/legal/ https://tether.to/legal/ See also: https://en.wikipedia.org/wiki/British_Virgin_Islands_bankruptcy_law https://en.wikipedia.org/wiki/British_Virgin_Islands_bankrup...